BILL closed the week with a strong Bullish sentiment.
Bouncing of weekly support $98-$99
and closing above its Daily support $104
What to expect:
An open above 104 can be indication of a push to retest Monthly resistance $110-111 eyeing resistance @$116 and possibly $122.
If we see an opening below the $104 mark then price will seek to retest weekly support $99
Keep in mind that we find ourselves in a Macro Bearish structure. And in order to see any true continuation to the upside this structure needs to be broken and held. Until then all rallys will be faded.
Bouncing of weekly support $98-$99
and closing above its Daily support $104
What to expect:
An open above 104 can be indication of a push to retest Monthly resistance $110-111 eyeing resistance @$116 and possibly $122.
If we see an opening below the $104 mark then price will seek to retest weekly support $99
Keep in mind that we find ourselves in a Macro Bearish structure. And in order to see any true continuation to the upside this structure needs to be broken and held. Until then all rallys will be faded.